The AUD recovered the ground it lost after the US CPI and Inflation rate data was released last week.
The Aussie is on a three-day winning streak; fundamental news will impact the AUDUSD exchange rate this week.
The CAD lost 1.2% to the USD last week.
XTIUSD reached its lowest level in six months; Canada relies heavily on commodity exports, which affected the value of CAD at the beginning of the week.
US inflation rate comes out lower than expected.
The USD lost value across all major Forex Pairs after the CPI and Inflation rate data release.
The strong Labor Market in the US indicates that the economy is healthier than anticipated.
The UK released GDP and GDP Growth rate.
The data came out better than expected but still in the contraction area
The GBP lost ground to the US on the Friday session
Natural Gas climbed 14%
The commodity is on a four-day winning streak.
The price rose after the production output declined three days in a row.
Expected High Impact Economic Releases
AUD- RBA Meeting Minutes
GBP- UK Unemployment rate
CAD - Canada’s Inflation Rate
JPY - Japan Balance of Trade
GBP - UK Inflation rate YoY
USD - FOMC Meeting Minutes
EUR - EA Employment Change YoY & QoQ
AUD - AU Unemployment rate
EUR - EA Consumer Price Index
JPY - Inflation rate YoY
GBP - UK Retail Sales
CAD- Canada Retail Sales
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forex, trading conditions, technical analysis, fundamental analysis